By Wendy Van Sickle
Columbus, Ohio, April 16 – GS Finance Corp. priced $2.52 million of 0% autocallable buffered index-linked notes due April 16, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 13.2% if the index closes at or above 85% of the initial index level on April 29, 2025.
If the notes are not called and the index return is positive or zero, the payout at maturity will be par plus 2 times the index return.
If the index return is negative but not below negative 15%, the payout will be par.
If the index return is below negative 15%, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $2,515,000
|
| Maturity: | April 16, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive or zero, par plus 2 times index return; if index return is negative but not below negative 15%, par; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
|
| Call: | Automatically at par plus 13.2% if index closes at or above 85% of initial index level on April 29, 2025
|
| Initial level: | 4,966.68
|
| Buffer level: | 85% of initial level
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.5%
|
| Cusip: | 40058A3K8
|
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